Operator

Hello, everyone. Thank you for joining us, and welcome to Parex Resources Q1 2026 Operational and Financial Results. [Operator Instructions] I will now hand the conference over to Mike Kruchten, Senior Vice President, Capital Markets and Corporate Planning. Mike, please go ahead.

Michael Kruchten
Senior Vice President of Capital Markets & Corporate Planning

Good morning. On the call with me today are our President and Chief Executive Officer, Imad Mohsen; our Chief Financial Officer, Cam Grainger; and our Chief Operating Officer, Eric Furlan. [Operator Instructions] As a reminder, this conference call includes forward-looking statements as well as non-GAAP and other financial measures with the associated risks outlined in our news release and MD&A, which can be found on our website or at sedarplus.ca. Note that all amounts discussed today are in U.S. dollars unless otherwise stated.

I'll now turn the call over to Imad. Please go ahead.

Imad Mohsen
President, CEO & Director

Thank you, Mike, and good morning, everyone. Over the first half of 2026, Parex executed a series of strategic transactions that have positioned us to become Colombia's largest independent E&P company. These transactions were designed to add complementary assets that enhance our scale, deepen our portfolio and strengthen the profitability and duration of our business for long-term growth. Starting with the Frontera transaction for $725 million, this $725 million acquisition adds roughly 37,000 barrels equivalent a day of highly accretive production with strong industrial logic and compelling synergies. It materially increases our reserves inventory and strengthens long-term production visibility